Exchange Rates Update: US Dollar Sheds Value Against Jamaican Dollar
On March 12, 2025, the US dollar traded at 157.61 Jamaican dollars, down eleven cents. The Canadian dollar increased to 109.91, while the British pound dropped to 202.18, signaling fluctuating foreign exchange dynamics.
On March 12, 2025, the US dollar concluded trading at 157.61 Jamaican dollars, reflecting a decrease of eleven cents, as per the Bank of Jamaica’s daily exchange summary. In contrast, the Canadian dollar rose to 109.91 from 109.67, while the British pound declined to 202.18, down from 205.52. This fluctuation in foreign exchange rates is indicative of ongoing economic dynamics.
The recent exchange rate adjustments illustrate the volatility of currencies in relation to the Jamaican dollar. The Canadian dollar experienced an appreciation, whereas the British pound saw a decline. Such shifts warrant close observation by both businesses and individuals engaged in international trade.
Original Source: www.jamaicaobserver.com
